Trading sentiment turned weak in futures trade following a fall in crude oil prices in Asian markets, reversing sharp gains in the previous session, hit by a strong dollar and persistent concerns over a global supply glut.
At the Multi Commodity Exchange, crude oil for delivery in October dropped Rs 24, or 0.78 per cent, to Rs 3,056 per barrel in 4,864 lots.
The oil for far-month November delivery fell Rs 24, or 0.77 per cent, to Rs 3,112 per barrel in a volume of 71 lots.
Brent crude for November dipped 37 cents to USD 48.55 per barrel following a 3.1 per cent surge in London.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%